Crime

Kukatpally sub-registrar arrested

A case of disproportionate assets was registered against Rachakonda Srinivasa Rao, Sub-Registrar, Kukatpally (under suspension) and total assets unearthed so far is worth about Rs 14 crore.

Searches were conducted at his residence, in the residences of his relatives and benamis in Hyderabad and other places on June 13.

He had opened 12 ank accounts for him and his son Kanishka apart from accounts of Hasini Power Projects, Jayasri Enterprises and Padmanabha marketing Pvt. Ltd. He had deposited crores of rupees, illegally collected, into the bank accounts.

It was also found that he had invested Rs 1.90 crore in Hasini Power Projects, Rs 1.93 crore in North Star homes, Rs 50 lakhs in Manjeera holdings and Rs 8.5 crore in Con construction company Pvt. Ltd.

Rao, his family members and the benamis are in possession of six plots worth about Rs 1.27 crore and 11 acres worth Rs 11.52 lakhs at Moosapet village, Narsapur mandal in Medak district.

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Kukatpally sub-registrar arrested

2017-06-14 18:57:59

Hyderabad, June14 ( The News )

A case of disproportionate assets was registered against Rachakonda Srinivasa Rao, Sub-Registrar, Kukatpally (under suspension) and total assets unearthed so far is worth about Rs 14 crore.

Searches were conducted at his residence, in the residences of his relatives and benamis in Hyderabad and other places on June 13.

He had opened 12 ank accounts for him and his son Kanishka apart from accounts of Hasini Power Projects, Jayasri Enterprises and Padmanabha marketing Pvt. Ltd. He had deposited crores of rupees, illegally collected, into the bank accounts.

It was also found that he had invested Rs 1.90 crore in Hasini Power Projects, Rs 1.93 crore in North Star homes, Rs 50 lakhs in Manjeera holdings and Rs 8.5 crore in Con construction company Pvt. Ltd.

Rao, his family members and the benamis are in possession of six plots worth about Rs 1.27 crore and 11 acres worth Rs 11.52 lakhs at Moosapet village, Narsapur mandal in Medak district.